Signaturefd LLC Boosts Position in AMC Networks Inc. (NASDAQ:AMCX)

Signaturefd LLC increased its holdings in shares of AMC Networks Inc. (NASDAQ:AMCXFree Report) by 206.2% during the third quarter, HoldingsChannel reports. The firm owned 2,364 shares of the company’s stock after buying an additional 1,592 shares during the period. Signaturefd LLC’s holdings in AMC Networks were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMCX. Meeder Asset Management Inc. lifted its holdings in shares of AMC Networks by 2,007.8% during the fourth quarter. Meeder Asset Management Inc. now owns 2,171 shares of the company’s stock valued at $34,000 after purchasing an additional 2,068 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of AMC Networks during the second quarter valued at $40,000. State of Wyoming lifted its holdings in shares of AMC Networks by 237.1% during the fourth quarter. State of Wyoming now owns 2,825 shares of the company’s stock valued at $44,000 after purchasing an additional 1,987 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of AMC Networks by 506.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,942 shares of the company’s stock valued at $59,000 after purchasing an additional 4,127 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of AMC Networks during the first quarter valued at $63,000. 59.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMCX. The Goldman Sachs Group lowered their target price on AMC Networks from $20.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Seaport Res Ptn downgraded AMC Networks from a “buy” rating to a “neutral” rating in a report on Tuesday, December 12th. TheStreet downgraded AMC Networks from a “c-” rating to a “d” rating in a report on Wednesday, November 1st. Finally, StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.00.

Read Our Latest Research Report on AMC Networks

AMC Networks Stock Performance

Shares of AMCX opened at $18.10 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 2.16. The business has a 50-day simple moving average of $18.06 and a two-hundred day simple moving average of $14.41. The stock has a market cap of $788.44 million, a price-to-earnings ratio of -25.49 and a beta of 1.29. AMC Networks Inc. has a 52 week low of $9.96 and a 52 week high of $27.46.

AMC Networks (NASDAQ:AMCXGet Free Report) last issued its quarterly earnings results on Friday, November 3rd. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.54. The business had revenue of $636.90 million during the quarter, compared to analysts’ expectations of $655.99 million. AMC Networks had a positive return on equity of 40.10% and a negative net margin of 0.91%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.09 earnings per share. On average, analysts expect that AMC Networks Inc. will post 7.16 EPS for the current year.

Insiders Place Their Bets

In related news, EVP James Gallagher sold 22,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $20.40, for a total transaction of $448,800.00. Following the completion of the sale, the executive vice president now owns 6,867 shares in the company, valued at $140,086.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP James Gallagher sold 22,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $20.40, for a total transaction of $448,800.00. Following the completion of the sale, the executive vice president now owns 6,867 shares in the company, valued at $140,086.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Blank sold 50,000 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $19.09, for a total value of $954,500.00. The disclosure for this sale can be found here. Insiders sold a total of 85,192 shares of company stock worth $1,604,874 over the last quarter. 27.06% of the stock is currently owned by corporate insiders.

AMC Networks Profile

(Free Report)

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates through Domestic Operations, and International and Other.

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Institutional Ownership by Quarter for AMC Networks (NASDAQ:AMCX)

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